Created by Penn President Amy Gutmann to strengthen the University of Pennsylvania’s commitment under the Penn Compact 2020 to impactful global, national and local student engagement, the President’s Engagement Prizes will provide recipients with up to $150,000—$50,000 for living expenses and up to $100,000 for project implementation expenses­—to develop and implement a promising local, national or global engagement project during the year after graduation. (Collaborative projects will be welcome with up to three awardees for a collaborative team project.)

The competition will be open to traditional undergraduates in good academic standing in the College, Engineering, Nursing or Wharton who have completed at least three-quarters of the credits needed for their baccalaureate degree and who are scheduled to graduate in December 2014, May 2015 or August 2015.

The money for the prize will come from anonymous donors and from fund-raising, President Gutmann said. She will appoint a committee to select semifinalists and she will pick the finalists.

Detailed application and program information will be posted on the CURF site,www.upenn.edu/curf/ as it becomes available.